This is our sixth statutory report to Parliament on progress towards meeting carbon budgets. In it we consider the latest data on emissions and their drivers. This year the report also includes a full assessment of how the first carbon budget (2008-2012) was met, drawing out policy lessons and setting out what is required for the future to stay on track for the legislated carbon budgets and the 2050 target. The report includes assessment at the level of the economy, the non-traded and traded sectors, the key emitting sectors and the devolved administrations.
Whilst the first carbon budget has been met, and progress made on development and implementation of some policies, the main conclusion is that strengthening of policies will be needed to meet future budgets.
- Ricardo-AEA (2014) – Drivers of Industrial Carbon Dioxide Emissions and Energy Use: a decomposition analysis